Are you a construction company looking for same day working capital to keep your business running smoothly? We offer same-day business funding up to $25,000. Let’s dive into how to get construction working capital the same day!
Construction was one of the hardest hit industries during the pandemic, with over 100,000 businesses wiped out. Construction companies scrambled to keep their employees working, and getting supplies.
There were also other factors that greatly hindered the construction trade, like the price of wood. Wood soared over 112% within a year, drastically reducing the bottom line even in 2023.
What is a Construction Working Capital Business Cash Advance?
Working capital is what your business needs on a daily basis to stay operating. It could mean the death of your business if you don’t have enough of it. In fact, 82% of businesses fail because they don’t have enough working capital.
We offer a same-day business cash advance for your construction company. A business cash advance is a short term, usually less than a year, business advance.
Unlike merchant cash advances, that withdraw from your future credit card receipts, business cash advances withdraw from your general future revenue from your business checking account.
Benefits of a Business Cash Advance
There are several benefits of using a business cash advance, rather than using a big bank. One crucial benefit is you only need a 450 credit score to get up to $25,000 – and 500 credit to get up to $2 million in 3 to 5 business days.
Another benefit, unlike big banks which only approve 13% of business loans, is that business cash advances require no collateral. No more putting up all or a part of your business to receive funds. Also, big banks want you to have impeccable credit and jump through a ton of paperwork, then you have to wait weeks or months for your funds.
Our business cash advance is literally the same day. If you have the right qualifications, and apply Monday morning, chances are you will receive the funds by Monday night. There is no other lender that does true same day funding.
How to use your working capital business advance to grow your business
Construction working capital can be used for anything business related. You can repair equipment, create a hiring bonus, or ramp up your marketing to attract new business.
Construction companies are very capital intensive, the average nail gun costs $320, and the average price of a compressor is $5,000. Equipment is constantly breaking, plus you might need to catch up on payroll until the next big job comes along.
Why Choose Us for Your Construction Business Advance
Our same day funding is one-of-a-kind and can save your business in an emergency. We provide you transparent terms (1.19 to 1.49 factor rates) and a dedicated account manager. Plus, you can draw funds over and over again when you pay down the first funding.
Business cash advances are for the working people. Big banks have turned their back on us since the pandemic. We work for the working class and provide an immediate solution to your cash needs.
We don’t look at your credit score, we look at your cash flow. If you have made $5,000 a month in revenue in the last 3 months, have a business checking account, and an EIN, then your chances are pretty good to construction working capital. We will look to see if you have any liens or NSF charges or negative days, but other than that we want to get you funded. We have helped hundreds of businesses get same day working capital. Good luck and see you soon!
Learn More About Same Day Business Cash Advance.